Tax Deductions, Payroll Deductions? Child Tax Credits? Energy efficiency Credits? What do you have to set aside, what is worth tracking? How do we use the tax code to our advantage? These nuggets are here in Credits and Deductions.
When you purchase big ticket items such as computers, furniture, and equipment these are called capital expenditures. Usually these items last more than one year so we allocate the cost [...]
There is a simplified home office deduction new for the 2013. This is a great thing for those work-at-home types. To calculate the deduction you take the square footage of [...]
I find this shocking. If the government wants to know where to focus IRS audit efforts it should take a look at the earned income credit program. I'm sure there [...]
HSA Limits The IRS just released information regarding the 2014 inflation adjusted amounts for Health Care Savings Accounts (HSAs). For 2014 the annual limit for individuals is $3,300 and for [...]
With all of the changes to the tax code that were signed earlier this year the IRS is scrambling to catch up. If you are a taxpayer that claims one [...]
With the economy as it is these days people might find themselves moving to find work. It is possible for these expenses to be tax deductible. Here is a guide [...]